Hugo David

Hugo David, age 22, is in a common-law marriage and has no children. He lives with his wife in the city of Ventanas in the Los Ríos province.

He is a member of the 5 de Septiembre communal bank, which is located in the Los Plátanos area of the Ventanas canton. The members work in agriculture and with livestock. Hugo David grows corn and raises animals.

He is requesting the loan to buy seeds, insecticides, urea, and liquid weed killer. He will make his purchases in Ventanas.

With the help of the loan he will be able to buy what he needs for his crops. His dream is to build a house. The challenges he faces are diseases. In his free time he likes to play sports.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!